Tag Archives: BAFIA

April 20

In BAFIA trial, NFC chair says only answerable to board members

While set-up using a RM250 million government loan, the National Feedlot Corporation (NFC) remains to be a private company that is only answerable to its board members and shareholders. NFC chairperson Mohd Salleh Ismail said this as the first prosecution witness in the trial against PKR vice-president Rafizi Ramli under the Banking and Financial Institutions […]

March 17

Genneva Malaysia, 11 acquitted of money laundering charges

Eleven people and a company, Genneva Malaysia Sdn Bhd, were acquitted and discharged by a Sessions Court here of more than 1,000 counts of money laundering and illegal deposit taking. They are Genneva Malaysia’s directors Datuk Philip Lim Jit Meng, 60, Datuk Tan Liang Keat, 45, and Ahmad Khairuddin Illias, 59; company advisers Datuk Marcus […]

January 15

Leak by Public Bank Berhad triggered immense public outrage, resulting in massive losses for NFCorp

In his cross examination yesterday, National Feedlot Corporation Sdn Bhd (NFCorp) chairman Datuk Dr Mohamad Salleh Ismail told the Kuala Lumpur High Court that had Public Bank Berhad come forward to say no loans had been taken for the purchase of the eight commercial lots at KL Eco City in Bangsar, it would have put […]

August 05

Rafizi’s BAFIA challenge a delay tactic

Pandan MP and PKR secretary-general Rafizi Ramli’s move to challenge the constitutionality of the repealed Banking and Financial Institutions Act 1989 (BAFIA) which he has been charged under in connection with his exposés on the National Feedlot Corporation (NFCorp) in 2012 is a delay tactic, the company’s lawyer said yesterday. Earlier today High Court Judge […]

July 12

And will there be a dawn raid to arrest the culprits?

Lessons never learnt, it would seem. Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz was clear on the issue of banking confidentiality when she said in 2012: “The confidentiality of customer information is clearly protected by the Banking and Financial Institutions Act 1989 (BAFIA). So when a Public Bank Berhad clerk from the […]

May 22

Rafizi Ramli’s BAFIA hearing set for 19 June

The Sessions Court in Shah Alam today set June 19 to hear the case of PKR secretary-general Mohd Rafizi Ramli under the Banking and Financial Institutions Act (BAFIA). Judge Zamri Bakar, who set the date, will now hear the case because Judge Rozina Ayob recused herself on May 15 on the grounds that she was […]

May 05

Call For Judge Rozina Ayob To Withdraw From Rafizi’s BAFIA Case

Judge Rozina Ayob of the Shah Alam Sessions Court while having declared that it would not be in the best interest of justice to preside in the case of PKR communications director Nik Nazmi Nik Ahmad as they are related, should also recuse herself from hearing Rafizi Ramli’s BAFIA case. Nik Nazmi reports to PKR […]

April 22

NFCorp boss: Rafizi Ramli denying me justice

National Feedlot Corporation (NFCorp) chairperson Mohamad Salleh Ismail decries what he believes is PKR’s Pandan MP Rafizi Ramli’s attempt at delaying justice for Mohamad Salleh and NFCorp. MalaysiaKini reports: He says this of Rafizi’s move to challenge the constitutionality of the Banking and Financial Institution Act (Bafia), which he is charged under for his exposes […]

April 20

Rafizi mounts challenge against constitutionality of repealed banking law

PKR’s Rafizi Ramli moved today to challenge the constitutionality of the now-repealed banking law he was charged with violating, in his exposés on the National Feedlot Centre (NFC) controversy in 2012. His lawyer, Padang Serai MP N. Surendran, said the Banking and Financial Institutions 1989 (Bafia) is unconstitutional as it violates provisions in Article 5 […]

April 07

PKR Sec-Gen Mohd Rafizi Ramli’s BAFIA Trial set for 27 April

The Sessions Court here Tuesday today fixed April 27 for the trial of Parti Keadilan Rakyat (PKR) secretary general Mohd Rafizi Ramli. The Pandan member of parliament is accused of leaking confidential banking information involving the National Feedlot Corporation (NFC), three years ago. Judge Rozina Ayob also set May 26, 27 and 28 for continuation […]

April 06

Court orders Rafizi to stand trial over NFC bank leaks

PKR secretary-general Rafizi Ramli will stand trial for allegedly leaking confidential bank details linked to the National Feedlot Corporation (NFC), after the Federal Court today dismissed his appeal to strike out the charge. Malaysian Insider has the report: The Pandan MP had turned to the Federal Court in his attempt to have the charge against […]